Selling stock at a loss at the end of the year for tax reasons is common.
If you sold your stock for a loss at the end of the calendar year (let’s say the last week of trading in 2023) and then you bought back the same stock the beginning next calendar year (let’s say first week of trading in January 2024).
This would be a wash loss. To keep your position intact while also selling to lock in losses while avoiding a wash loss I’ve heard of doubling up. How does doubling up work exactly? And has anyone done it before?
Submitted November 15, 2023 at 04:29AM by SkyHighbyJuly https://ift.tt/DMgybXB
